Global Marjoram Extracts Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Marjoram Extracts Market Overview:
Marjoram, also known as Sweet Marjoram is an aromatic herb found predominantly in North Africa, the Mediterranean, and the Western region of Asia. Marjoram holds medicinal properties which are used in the form of Marjoram Extracts. Marjoram is boiled in Alcohol above boiling point and the residue in the form of dried powder is called Marjoram Extract. The liquid form of the Marjoram Extract is obtained by mechanized extraction.
Marjoram Extracts hold the same medicinal properties as Marjoram and are used on a large scale in manufacturing medicines on digestion and immunity-related issues. Marjoram Extracts in Oil form is used to marinate and improve the taste of meat products. An increase in preference for herbal extract products has resulted in a rise in demand for Marjoram Extracts. Increasing population, rise in the number of people suffering from Abdominal-related issues, and growth in the demand for plant-based products have resulted in the growth in the Global Marjoram Extracts Market.
Global Marjoram Extracts Market Dynamics:
A report by Hayam Mansour and Hussein Mohamed published in LWT-Food Science and Technology states that Marjoram Extracts in the Oil form holds properties that reduce lipid oxidation and improve the sensory attributes of beef products. A report by FAO states that in the year 2018, beef consumption was more than 60 million metric tons and the US consumed more than 21% of the beef products available in the world. The use of Marjoram Extract in the Beef Industry has increased by 4%.
A report by the United Nations Population Fund state that more than 40% of the Global Female population, 50% of the Indian Female population, 48% of the African Female population, and 30% of the female population in the US and Europe suffers from menstrual regulation issues. It is observed that the consumption of Marjoram Extracts regulates the menstrual cycle along with restoring hormone balance in non-pregnant women.
Marjoram Extracts helps in regulating the production of sebum, which helps in moisturizing skin. Marjoram Extracts are thus used by Healthcare, Pharmaceutical, and Traditional Medicine manufacturers in producing medicines to treat skin-related issues. Marjoram Extracts are used by the Cosmetics Industry to manufacture herbal and organic skin and hair-care products.
Alter Herb launched a new Marjoram Extracts-based Tea product in the European Market.
An increase in the preference for herbal products is the driving factor for the growth of the Global Marjoram Extracts Market.
Side effects like Lung infection and ulcers have been reported after excessive consumption of Marjoram Extracts. This acts as a major restraining factor for the growth of the Global Marjoram Extracts Market.
Global Marjoram Extracts Market Segment Analysis:
The Global Marjoram Extract Market is segmented on the basis of
By form, it is observed that Marjoram Extract in powder form is used on a large scale by the Healthcare Sector. The demand for Marjoram Extract in Liquid form has increased by 3% owing to increased domestic consumption of herbal extract products. The presence of flavor-enhancing properties has resulted in a 4.1% increase in consumption of the Marjoram Extract in Crystal Form by the Meat Industry.
By Application, It is observed that more than 25% Marjoram Extract is used in manufacturing Oil products that hold a wide application in the medicines and food industry. The Pharmaceutical Industry consisting of both allopathy and traditional medicines is the biggest consumer of Marjoram Extracts and contributes to more than 45% of the revenue earned in the organized market.
Marjoram Extract as a food additive has observed a 1.9% increase in sales in North America. Increasing demand for plant-based cosmetics and the presence skin enriching properties has resulted in a 1.4% increase in sales of cosmetics made by using Marjoram Extracts. Different products are mixed with Marjoram Extract as per need.
By Distribution Channels, Specialty Stores and pharmacies dealing in herbal products contribute to more than 40% of the sales of Marjoram Extract in the organized market. It is observed that sales of Marjoram Extract-based traditional medicines and cosmetics have increased by 2.1% through Supermarkets in Europe and the Asia-Pacific. An increase in the use of the internet for purchasing herbal products has resulted in a 7% increase in the number of people visiting E-Commerce platforms for purchasing Marjoram Extract products.
Global Marjoram Extracts Market
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Specialty Stores dealing in herbs and spices account for more than 21% of the sales of Marjoram Extracts. Availability of a wide range of similar products and traditional way of manufacturing medicines has resulted in making Specialty Stores a preferred medium for purchasing Marjoram Extracts. Pharmacies dealing in herbal medicines that come under the organized sector have observed a growth of 1.5% in demand for Marjoram Extract Oil in the US.
Supermarkets and Convenience Stores that come under the organized sector have observed a growth of 2.3% in demand for Marjoram Extract in the organized sector. The presence of a wide range of products and features like doorstep delivery has resulted in a 6% increase in sales of Marjoram Extract through online shopping platforms. Different mediums that deal in Marjoram Extracts are visited by customers.
Global Marjoram Extracts Market Regional Insights
Global Marjoram Extracts Market 1
Region-wise, Asia-Pacific is the biggest market for Marjoram Extracts. The preference for herbal medicines and a wide-scale use as a culinary item has resulted in a 3% increase in the consumption of Marjoram Extract in this region. Marjoram Extract in the form of medicine for skin-related issues and cosmetics made by using it has observed a 2.9% increase in sales. An increase in demand for Marjoram Extract oil has resulted in a 4.1% increase in its consumption by the Pharmaceutical Sector.
Europe is the biggest manufacturer of Marjoram Extract and contributes to more than 45% of its global production. The preference for alternative medicinal therapies has resulted in a 3.3% increase in the consumption of Marjoram Extract in this region. An increase in preference for herbal cosmetics products has resulted in a 2.5% increase in consumption of Marjoram Extracts by the Cosmetics Industry.
North America is the biggest consumer of skin-related medicines made by using Marjoram Extracts. It is observed that demand for Marjoram Extract by the Pharmaceutical Industry in this region has observed a growth of 1.8%. South America is the biggest consumer of Marjoram Extracts application in the Meat Industry. It is observed that the Meat Industry in this region has increased its consumption of Marjoram Extract by 2.1%. The Middle East and Africa’s Market has observed a growth rate of 1.3%, the reason for which is the increasing preference for herbal products in this region.
The objective of the report is to present a comprehensive analysis of the global Marjoram Extracts market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Marjoram Extracts market dynamics, structure by analyzing the market segments and Project the global Marjoram Extracts market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Marjoram Extracts market make the report investor’s guide.
Global Marjoram Extracts Market Scope: Inquire before buying
Global Marjoram Extracts Market 2
Global Marjoram Extracts Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Marjoram Extracts Market Key Players
• CG Herbals
• Dohler GmbH
• Martin Bauer GmbH & Co. KG
• Kalsec Inc.
• Organic Herb Inc.
• Herbal Extraction Group Inc.
• Healing Solutions Essential Oils
• Native American Nutritionals Essential Oils
• Rocky Mountain Oils
• Plant Therapy Essential Oils
• Aura Cacia Essential Oils
• Prime Natural Essential Oils
• Mountain Rose Herbs Essential Oils
• BOSTAN Company
About This Report
This Report Is Submitted By : Maximize Market Research Company
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